the seattle rennie advance | April 2024

highlights • N ew listingscontinued to increasein M arch,rising to 2,986 (thehighestlevelrealized sinceJune 2023).Although new listingswere16% abovethepreviousm onth,theywere21% below the past-decadeaverage(alargerdiferencethan w ew itnes ed in February w herenew listingsw ere only 1.9% below thepast-decadeaverage). • A l hom etypesrealized increasesin new listingscom pared to thepreviousm onth,assingle-fam ily hom eswere19% aboveFebruary,condos17% higher,and townhom es6% higher.O n a year-over-yearbasis,single-fam ilyhom esweredown 0.9% whilecondosand townhom eswereup 21% and 9% ,respectively.

KINGCOUNTY THERENNIEADVANCE new listings

MARCH 2024

4,000

- 1% vsM ar2023

3,000

2,000

2,650 10 yrM arAvg

1,929

1,000

SINGLE-FAMILY HOME new listings

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

- 27% vs10yrM arAvg

﹍ 10 yrM arch Average

● March

800

+ 9% vsM ar2023

600

547

400

539 10 yrM arAvg

200

TOWNHOME new listings

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

+ 2% vs10yrM arAvg

﹍ 10 yrM arch Average

● March

800

+ 21% vsM ar2023

600

510

400

584 10 yrM arAvg

200

CONDO new listings

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

- 13% vs10yrM arAvg

﹍ 10 yrM arch Average

● March

Copyright© April2,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril2,2024.Aldatafrom NorthwestMultiple ListingService& Ren ie.W hiletheinform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.renniegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ation shouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom aren ieand as ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

4

Made with FlippingBook - professional solution for displaying marketing and sales documents online